Examlex
Values are standards that serve as broad guidelines for living.
Loss
The amount of money a business loses when its expenses exceed its revenues.
Sale
The exchange of goods or services for money, representing a fundamental activity of business operations.
Plant Asset
Long-term tangible assets used in the operations of a business that are not intended for resale, such as machinery, buildings, and vehicles.
Income Statement
A financial document that shows a company's revenues, expenses, and net income over a specific period of time.
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